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's sister, rachel, was the first killed in the massacre in colorado and he was in the school library during that rampage. thanks for being with us this morning. >> thank you. >> thank you. >> i remember your story vividly. the whole country does. you were a young man in those hours after columbine and you spoke out so compellingly and compassionately and poignantly and i can only imagine now how more reports of school massacres like this affect you. what happened on friday when you heard the news? >> like everyone, just extreme sadness and brokenhearted. i knew that i especially felt for parents who lost their children and how devastated they were going to be. also it just -- it also just made me think about kind of where my generation is as far as what our values are and even the spiritual condition of our generation. because i look at the last few shootings that happened all from guys in their 20s, and it made me angry. >> craig, i was there for the weeks that followed at columbine as well being from denver, i unfortunately covered that. i'm curious about what you said about your generati
. you addressed the issue of what happens next, i saw you on rachel's show friday. your theory are it's key to how the fiscal cliff plays out. explain. >> there's a significant difference of opinion in the political ramification of what happens if we go over and it comes down debt ceiling. if we go over the fiscal cliff they have all of the leverage because we'll go into the debt ceiling and it will be just like 2011 again. they'll say we're not going to raise the debt ceiling unless you cut entitlements, barack obama will say no and terrified of consequences of national default he'll say yes. so they'll get all of the entitlement cuts with no tax increases on the table. democrats disagree. they will not, under any circumstance, no matter what republicans do, negotiate over the debt ceiling again. they'll break the habit now. if we go to the debt ceiling they'll say we're not talking about this, if you want to have a deal on entitlements, that will have to be matched one to one with tax increases, again, with tax reform. if they do that say democrats get $600 billion in tax increases
a republican will cut it again. host: rachel in texas. caller: hello. i have two questions to ask. the expense it cost them to move overseas? can that be used as a deductible? our representatives are part of the 47%. what does that cost the taxpayers in taxes? what part of our taxes is paid in their insurance? guest: the answer to the first businessess that this are supposed to deduct all other expenses and that could include closing down a factory and opening up a factory overseas. it will include anything. so democrats have proposed a little change to the tax law which would prevent companies from being able to do that but it would raise that much money, unfortunately. i'm sorry about the other question about health insurance for lawmakers. host: thomas in winter park, florida. caller: good morning. thank you for taking my call. the current tax code is a descendant of the 16th amendment which says that congress should have the power to lay and collect taxes. if we eliminated the holding period for the sale of a capital asset, what do you think that would provide in terms of a taxable amount?
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